What kind of offers have you gotten on your producing and nonproducing minerals in Payne, Logan and Garfield Counties. Who is buying and who is making the best offers. Post $$ amount offered and if…Continue

Was looking at some Garfield wells and ran across this nice one at Sec 27-24-5 that had initial production of 1232 BOPD and 1149MCF which seems to be way above average for the area.Hopefully there…Continue

I am in the early stage of negotiating a Surface Damage Agreement in western Garfield county.I would appreciate any input/experiences from my fellow land/mineral owners as to rates and agreements…Continue

PS regarding the USGS assessments, as an example. They estimate millions of barrels of oil in the Cambrian rocks of NE Arkansas buried deep. To date not one bbl. of oil has come out of that formation...

Same for much of the deep Arkoma Basin, Ouachita Basin, etc. There is a lot of shallow oil in places like SE OK, NE TX but it is thick and sells for less than half "WTI" prices. But it is claimed as well.

further drive this oil up into our well bores and where it can be captured. The O/G companies have highly intelligent geologist, like my two cousins, and they know what they are doing.

Yep, but they don't write the press releases to the mullets...er, I mean clients and investors. And they likely have no idea what the EUR's being touted are. As for knowing what they are doing, why is Devon in debt up to its ears when it was debt free in 2004? Why has Forest Oil went under basically and had to merge? Marion, Buccaneer, Global, WBH...

I been der, dun dat... And the old heads who survived the 1980s look with Jaded eyes at the people making the same mistakes we did in the 1980s. And I sat in on the 2010 USGA assessment hearing in Norman. Those are "Technically Recoverable Resources"...that means we can squeeze them out of the rocks at some cost...any cost, and $300 a bbl. oil isn't "economic". Economically recoverable resources are much less, much more expensive to exploit and isn't going to happen at $40 a bbl.

Drew, The Sylvan is a shale formation, but there's not a lot of it in some areas and it completely thins to nothing in Noble county. The Viola is a lime formation laid down during a time when OK and KS was covered by an extensive sea. Both formations are hydrocarbon bearing formations lying below the Miss Lime and Woodford Shale and are part of the what is called the "Stacked" play in Northern OK, The more formations, the more production.